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Huning Castle Apartments
1500 Central Ave SWAlbuquerque, NM 87104
Cheap Apartments for Rent in the Downtown Albuquerque Neighborhood of Albuquerque, NM from $600 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Albuquerque area of Albuquerque.
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Rent Specials
$1,095 - $1,395Studio to 2 Bedroom Apartments Available Now
Nine-O-Nine Apartments
909 Tijeras Ave NWAlbuquerque, NM 87102
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The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Showing Results 1-47, Page 1 of 1
Downtown Albuquerque, Albuquerque, NM Local Guide
How much does it cost to rent an apartment in Downtown Albuquerque?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Albuquerque Studio Apartments | $894 | $765 | $1,095 |
| Downtown Albuquerque 1 Bedroom Apartments | $1,015 | $956 | $1,195 |
| Downtown Albuquerque 2 Bedroom Apartments | $1,698 | $1,395 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 2 mile radius of the Downtown Albuquerque Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Downtown Albuquerque, Albuquerque, NM Local Guide
- Nearby Albuquerque neighborhoods
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Cheapest Available Downtown Albuquerque Apartments for Rent
The cheapest available apartment rental in the Downtown Albuquerque area of Albuquerque, NM is a Studio unit found at Millennium Flats priced from $765. Silver Moon Lodge has the second lowest priced unit, which is a Studio apartment currently listed from $897. Here are the most affordable Downtown Albuquerque apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Flats | Unit Type A | Studio,1BA | $765 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Nine-O-Nine Apartments | Studio | Studio,1BA | $1,095 |
| One Central | 2x2 A | 2BR,2BA | $1,600 |
Best Value Apartments for Rent in Downtown Albuquerque, NM
As of November 09, 2025 the best value apartment in the Downtown Albuquerque area is the $3.04 price per square foot 2x2 ABB Model at One Central in the in the Netherwood Park neighborhood starting from $2,200. The second greatest value Downtown Albuquerque apartment is the Studio Model at Silver Moon Lodge starting at $897 with a $1.76 price per square foot in the Hunning Highland neighborhood. Here is today’s list of the best values for Downtown Albuquerque apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| One Central | 2x2 ABB | 2BR,2BA | $3.04 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| Nine-O-Nine Apartments | Studio | Studio ,1BA | $2.26 |
| Millennium Flats | Unit Type A | Studio ,1BA | $2.48 |
The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.
Read Article
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleDowntown Albuquerque, Albuquerque, NM
Ranked #156
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Albuquerque Apartments
What is a cheap apartment in Downtown Albuquerque?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Albuquerque is under $1,600.
What types of apartments are the cheapest in Downtown Albuquerque?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Downtown Albuquerque that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque
Written by: Esther Lombardi
Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.